SilverCrest Discovers Bonanza Grades and New Zone at Santa Elena 15.6m @ 23.9 gpt Au and 307.9 gpt Ag Including 2.3m @ 157.3 gpt Au and 1,610.5 gpt Ag


"J. Scott Drever, President stated; "We have always been confident that the underground portion of the Santa Elena Main Mineralized Zone would prove to be larger and higher grade than was indicated by the initial drilling and our drilling to date has vindicated that confidence. In an epithermal deposit such as Santa Elena one can always expect narrow widths of high grades but to encounter 15.6 metres grading 23.9 gpt Au (0.69 opt) and 307.9 gpt Ag (9.0 opt) is truly remarkable and the discovery of the new 'El Cholugo Zone" with similar high grades simply adds to the excitement of the increased potential. Our underground decline has progressed beyond 1,050 metres which will enable us to get access to the underground portion of the ore deposit in the next several months."